BTC and ETH Market Analysis: Current Trends and Operational Suggestions
According to the current price trend of BTC, the market has shown signs of stagnation, and the price lacks upward momentum. Nevertheless, from a technical perspective, the $100,000 level still has the potential to be tested. If the price breaks below this level today, it is expected that BTC will pull back to the $96,000-$98,000 range. In this case, pay close attention to the $92,000-$96,000 range as the main support area. If BTC shows strong resilience, the support level may remain near $96,000. However, if the market experiences a significant pullback, the price may approach $90,000. Therefore, the operational strategy during this phase needs to be flexible and adjust positions in a timely manner.
ETH Market Analysis: Pullback Risks and Support Layout
Regarding ETH, after rebounding from an absolute low of $1,400, the price has steadily risen to the $2,600-$2,800 range. The market has touched $2,600 multiple times and has broken through $2,700 today, basically achieving the previously set target price. Considering the current market situation, although there is still room for ETH to rise, caution is needed to respond to potential pullback pressures. Pullbacks are a norm in the market, and it is expected that when the pullback is mild, it may be in the range of 10-20%. If market sentiment is weak, the pullback range could reach 20-30%. In the long term, ETH has strong support in the $2,000-$2,200 range, and it is expected that the decline will not break below $1,800. In the short term, focus on $2,480 as the first support level, $2,320 as the second support level, and the final support range is $2,200-$2,000.
Summary:
In the current market volatility, whether it is BTC or ETH, operational strategies should remain flexible. In the short term, it is recommended to pay attention to key support positions, avoid blindly chasing highs, and wait for suitable pullback layout opportunities.
